Hundreds of thousands of homes have fallen into zombie foreclosure, RealtyTrac says, but it might not be the worst thing ever. In RealtyTrac’s recently released Q1 2015 Zombie Foreclosure Report, the real estate research company discovered that of the

Chicagoland did not set the world on fire with its rise in asking prices, but that’s perfectly fine Asking prices in Chicagoland began 2015 on a sobering note, according to the Trulia Price Monitor. Though prices were up a

What suburbs finished out 2014 on top? We recently reported on Chicagoland’s top-selling suburbs of Dec. 2014, and now we’re back (using numbers from Redfin’s Market Tracker) to report on what suburbs saw the most sales for all of 2014.

One may think that warmer months are better for selling homes, but the data tells another story. What if we were to tell you that it really makes no difference when you list your client’s home, in terms of

There were some very positive things to report in the government’s latest job numbers. The U.S. economy started out 2015 with a bang, adding 257,000 jobs in January, according to the latest report from the Labor Department. Of course, there

We’ve covered multifamily ascendence before, but this is the most telling statistic of all. Earlier this week, we reported on two facets of new construction: first, that overall construction spending in Chicagoland grew by hefty amounts in 2014; and

What is the marital status of the typical first-time homebuyer? What are the demographics? And finally, how have those stats changed in recent years, and what does America’s ever-diversifying landscape suggest? To find out, see our infographic below, which

Guaranteed Rate released its quarterly summary of the mortgage market, which found an increase in purchased loans and a return of the ARM. Analyzing data housed in its massive database of home loans, Guaranteed Rate, one of the nation’s

Last week, we reported that lending standards have see-sawed up and down the spectrum the last few years, but does that trend change at all when we look at the separate lending standards for refinancing and purchasing loans? Once

We reported last week that in 2014, the median sales price for a newly built single-family home set a new record, closing out the year at $283,600. That’s not only 5.5 percent above 2013, but also a whopping 28.3 percent

Slow home prices in December are likely to roll over into 2015. Early today, February 3, CoreLogic released its Home Price Index for December 2014. While price appreciation was relatively flat from a month prior, CoreLogic researchers found prices

2014 was a very good year for new construction in Chicagoland, according to the latest stats. Total residential construction spending in the Chicagoland area was $4.293 billion in 2014, a 19 percent increase from 2013, according to new numbers

Construction on the whole was positive in 2014, but that was mostly due to the surging multifamily sector. Private construction may have been up 4.5 percent in 2014, but it was the multifamily housing market that drove that activity,

What neighborhoods in the Second City saw the most sales activity in 2014? Last week, we reported on the top-selling neighborhoods in Chicago in December, and that once again, the Near North Side came out on top. Was that the

Hundreds of thousands of potential homebuyers will be boomeranging back to the housing market over the next seven years. The Chicagoland area is poised to see more than 300,000 potential homebuyers enter the housing market fray over the next

Existing-home sales may have bounced back to life in Dec 2014 (and carried median sales price to its highest mark since 2007), but that was hardly the most encouraging piece of news in NAR’s latest housing report. No, that